Forecasting Caustic Soda Stock volumes hinges on a multitude of factors. Key among these are industrial demand, influenced by the health of sectors like paper, aluminum, and textiles, and the overall global economic conditions, which affect industrial production levels. Energy prices are crucial, given the energy-intensive nature of caustic soda production, with higher energy costs potentially leading to reduced supply.
Time taken to
identify most
relevant indicators
# of leading
indicators tested
MAPE
forecast
accuracy
This variable reflects the order book situation in the EU chemicals and chemical products industry. healthy order book balance, indicating more orders, suggests strong demand within the chemical industry, which can directly impact the demand for caustic soda, a key industrial chemical.
his variable tracks the value of energy imports into the EU from countries outside the EU27, excluding Great Britain. Energy costs are a significant component of the production expenses in the chemical industry, including the manufacture of caustic soda. Higher energy import costs can lead to increased production costs for caustic soda, potentially affecting its supply and pricing.
Building permits are a leading indicator of future construction activity. They represent the number of permits issued for new construction projects and are typically granted before construction begins. A high number of building permits indicates that more construction is planned, which usually translates into an increase in future home availability.
They had an inability to allocate resources
efficiently due to little clarity over market shifts
With Indicio, they could now determine the key leading drivers that would impact their chemical production, and successfully improved their
forecast accuracy.
Enter your business email and we will send a summary of the forecast
We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
© 2025 Indicio Technologies All Rights Reserved